ID :
53571
Fri, 04/03/2009 - 07:46
Auther :
Shortlink :
https://www.oananews.org//node/53571
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EUROPE AGREES TO HELP FORM GLOBAL SUPPORT FUNDS
London, Apr 2 (ANTARA) - European countries agreed at the G20 summit here to help form Indonesia-proposed global support funds for developing countries to address the impact of the global financial crisis, a minister said.
In the latest developments European nations agreed that emerging and developing countries were innocent victims of the global crisis, Finance Minister Sri Mulyani Indrawati said here on Thursday.
"Europe said that emerging and developing countries have become innocent victims of the crisis and therefore, they must be assisted," she said.
She said the Indonesian proposal received great support from G20 member countries at the summit.
Under the mechanisms agreed upon to provide global support funds, they supported a proposal to increase the capital of the World Bank, the International Monetary Fund (IMF) and regional development banks, she said.
"Several mechanisms have been agreed upon through the World Bank, regional development banks and the IMF. The IMF has provided such funds to Mexico without any condition," she said.
The G20 opined that the mechanism of providing such funds to Mexico had a good reputation and was a wise policy, she said.
There was growing awareness on the part of G20 members on Wednesday night to harmonize their views on the equal significance of their economic stimulus packages and tight monetary policies, she said.
In the latest developments European nations agreed that emerging and developing countries were innocent victims of the global crisis, Finance Minister Sri Mulyani Indrawati said here on Thursday.
"Europe said that emerging and developing countries have become innocent victims of the crisis and therefore, they must be assisted," she said.
She said the Indonesian proposal received great support from G20 member countries at the summit.
Under the mechanisms agreed upon to provide global support funds, they supported a proposal to increase the capital of the World Bank, the International Monetary Fund (IMF) and regional development banks, she said.
"Several mechanisms have been agreed upon through the World Bank, regional development banks and the IMF. The IMF has provided such funds to Mexico without any condition," she said.
The G20 opined that the mechanism of providing such funds to Mexico had a good reputation and was a wise policy, she said.
There was growing awareness on the part of G20 members on Wednesday night to harmonize their views on the equal significance of their economic stimulus packages and tight monetary policies, she said.
